- Oil company Global Petroleum said it had secured a licence extension for a prospect in Namibia.

An original petroleum agreement signed in September 2018 had split an initial four-year exploration period into two sub-periods of two years each.

Global Petroleum said the country's Ministry of Mines and Energy had agreed to extend the licence for the sub-period to September 2021 and also to modify the work commitments.

Global held a working interest of 78% and was operator of the licence.

At 1:52pm: [LON:GBP] Global Petroleum Ltd share price was -0.1p at 1.25p

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